Do I Need a Vehicle Warranty?
Your Guide to Extended Auto Warranty Information
If you've recently purchased a car or are considering getting one, it's critical to understand the importance of getting an extended auto warranty. An extended auto warranty is just what the name sounds like -- an extension of coverage for your car.
Perhaps the vehicle you purchase comes complete with a warranty. If so, it's still a good idea to get an extended vehicle warranty plan. Be advised that the sooner you purchase your plan, the more money you will save. Although you can get an extended warranty long after purchasing your vehicle, you will probably end up spending more. Your best bet is to purchase a plan as soon as you possibly can. This will ensure uninterrupted coverage and the best rates.
Many auto dealers offer extended warranty packages that can be paid for at the same time as your vehicle. You also have the option to buy your warranty from a third party company. You may think that your new car doesn't need an extended warranty. However, it's hard to expect what may or may not go wrong. Even with a new vehicle, truck or SUV, things can go wrong. With the rising cost of labor and parts, an extended vehicle warranty can save you a bundle!
When searching for an extended vehicle warranty, browse plans offered by third party companies in addition to the ones offered by the car lot. Often these third party companies can offer you a better rate and a more inclusive plan. Be sure that the plan you decide on covers both parts and labor. SSome plans will only cover parts, and in such a case, you'd be stuck paying extravagant labor rates. These days, it's not uncommon for car repair shops to charge more than $50 per hour for labor alone!
Before spending any money on an extended vehicle warranty, make sure you comprehend all the details of the plan. You may have to pay a deductible on some warranty plans while others may not require it. Some car warranties cover parts and labor, while others just cover parts. It's important to find a plan that covers not only mechanical failure, but wear and tear also. Certain plans even provide things like 24-hr roadside assistance in the event that you find yourself stranded by the roadside.
There are many different providers of extended vehicle warranties. You can buy a plan from the car dealership, a warranty provider with a physical location, or a warranty provider that does business online.
Regardless of where you choose to get your extended warranty from, do some research to make sure you're getting the best deal from the best company. Just like any business, there are good companies and there are bad ones. Choosing the right provider can make the difference between a great extended warranty and one that's not so great!
About the Author
Jackie Jones runs the popular used car extended warranty shopping guide. Find information about warranties for used cars by visiting AutoWarrantyShopper.com today!
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